The parent company of the grocery delivery service Instacart, Maplebear Inc., announced on Monday that the price of its initial public offering (IPO) at the upper end of its suggested range resulted in a $9.9 billion fully diluted value. This… Read More ›
After the successful offering of its Arm company, SoftBank is seeking deals in artificial intelligence (AI), including a prospective investment in OpenAI, the Financial Times reported on Saturday. Masayoshi Son, the founder and CEO of SoftBank, plans to invest tens… Read More ›
In an effort to secure the future of the nation’s steel sector, Britain will invest 500 million pounds ($621 million) in Tata Steel to decarbonize its Welsh facility. However, this transaction could result in the loss of up to 3,000… Read More ›
Policymakers from the European Central Bank on Friday rejected market expectations that interest rates in the euro zone would start to decline as early as next spring. They indicated that rates would remain high for a considerable amount of time… Read More ›
The European Central Bank will decide on Thursday whether to continue fighting inflation by raising its benchmark interest rate to a record high or taking a break as the economy deteriorates. The central bank of the 20 nations that make… Read More ›
The Asian Development Bank must collaborate with others to meet the “immense” challenges that Asia and the rest of the globe face, its director general told CNBC on Friday. “The challenge that we are facing in this region and also… Read More ›
Although the decreases were milder than anticipated, China’s exports and imports continued to shrink in August due to the dual pressures of weak domestic consumer spending and declining global demand. The trade figures come after a string of other signs… Read More ›
A US Federal Reserve report released on Wednesday revealed that U.S. economic growth was moderate in July and August despite a cooling labour market and easing inflation pressures, which supported views that the central bank was finished raising interest rates or… Read More ›
In its first share sale to the general public since 2016, UK-based chip designer Arm hopes to achieve a market value of over $50 billion. The business, which creates semiconductors for gadgets like cellphones and gaming consoles, is aiming to… Read More ›
Uber, a ride-hailing company, launched its first electric motorbike service in Africa on Thursday in Kenya as part of its effort to make its worldwide platform emissions-free by 2040. According to Kagiso Khaole, Uber’s general manager for sub-Saharan Africa, the… Read More ›
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